Please help I will mark you as brainliest !! Identify the type of business described in the following scenarios: a) Rosa and Miranda own a food truck together. They make business decisions
together and share all profits and liability. What type of business do they run?
b) The company Healthy Living comes up with an idea for a smoothie shop called
Smoothie Sensations. The company wants to have multiple shops across the United
States and decides to sell the right to use its brand name and product to others who
will open these shops. What type of business is Smoothie Sensations?

Part a.

Rosa and Miranda are running a Partnership

Part b.

Smoothie Sensations is a Franchisor

Explanation:

Partnership

The Partnership Act of 1890 defines a partnership as a relationship which exists between persons carrying on  business in common  with a view of profit. Common characteristic of a Partnership include an agreement by partners to each subscribe an amount of capital in the business and the sharing of profits and loses of the business. Rosa and Miranda are in a Partnership business as they take up most of the characters of this business.

Franchisor

A Franchisor is an original and existing business which sells the right to open stores, and sell products or services using its brand, expertise and intellectual property. This is a strategy used by many businesses to grow externally or market themselves. Smoothie Sensations decides to sell the right to use its brand name and product to others who  will open these shops, thus it is running a franchise.

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